Increased my holding just before the new year @ 932p, so loving this leg up. Agree w LKH on the general investment thesis. Happy to hold this one for a long, long time with (literally) the only significant downside the low yield...
Topped up at 3194, now have my holding averaging 3133. Feeling good about the long term in Africa
Earnings for the HY coming out in a few hours....any big news forthcoming?
@LKH - Completely agreed. Best luck to their shareholders, but extremely ill-advised. I'm not sure they should have gone there at all, but if so - not at that price. Our gain as FSTA shareholders long-term as we'll likely be picking up some tactical fire-sales later when they get pinched against the wall
Value relative to peers is a tough comparable given very different dynamics between each one is virtually every category (growth expectations, debt leverage, asset value (given the property angle), free cash flow, etc. This did get ahead of itself last year on 1020p - but at low 9's a rather good entry barring downside surprises on the HY results in 2 weeks
When the Time Tempus proclaims on a share -- good odds to play the other side....just saying. Article covers great bearish point, few of which I detract from -- but all of which are fully priced in. GLA
I see Heineken doing a mid-tier deal with Diageo to reflect better synergies in the beer business with Guinness/Africa being the biggest component and thus - no big deal for SAB unless they buy TAP. We'll see though!
Will SAB Miller be involved in a Mega-Merger Deal?
@coaster - close by my view. I view 3175 as an entry point, 3125 as a must pick up some shares and 3075 as a buy w both hands. This is obviously given current dynamics (forecast, p/e relative to the market, etc) -- but overall that is my humble opinion. Disclosure: I am long SAB with 263 shares at present and looking to build up that position